Chipotle Denies Raising Prices In Las Vegas

Editor's note (4/25): We previously reported that Chipotle appeared to have raised prices at its Las Vegas locations based on pricing information from Rewardable, an app that collects restaurant pricing data.

Chipotle denied that prices had changed in that market, and sent us the following statement:

"We are on record as saying that we plan to raise prices in response to persistent food inflation. That increase will be in the mid-single-digit range, and will begin rolling out this quarter. To date, our prices in Las Vegas have not been raised."

Chipotle did recently announce that it plans to increase prices in the near future, although those changes have not yet gone into effect, according to the company.

"We plan to increase prices on average somewhere in the mid-single-digits," Chipotle Chief Financial Officer Jack Hartung said on an April 17 call with analysts. "We expect we will start installing the menu boards with higher prices later this quarter and finish installation by early in the third quarter."